Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


February Retail Sales Increase

Retail Trade Survey: February 2006

13 April 2006

February Retail Sales Increase

Seasonally adjusted total retail sales increased 1.9 percent in February 2006 compared with January 2006, Statistics New Zealand said today. This follows a flat January movement and a decrease of 0.2 percent in December 2005. Excluding the vehicle-related industries, sales for the core retailing group were up 1.4 percent in February 2006.

Increases were recorded for 17 of the 24 retail industries in February 2006. Those industries recording larger dollar-value increases were motor vehicle retailing (up $34 million), cafes and restaurants (up $20 million) and accommodation (up $9 million). The increased sales in cafes, restaurants and accommodation coincided with the school holiday period extending until after the Waitangi weekend break.

The underlying sales trend for the retail sector has continued to increase since May 1998, with an average monthly increase of 0.5 percent.

On a regional basis, seasonally adjusted sales increased across New Zealand, with Auckland and the Remainder of the North Island regions recording the largest increases in February 2006.

Brian Pink
Government Statistician

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news